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Nov 29, 2012
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cliff? and you think that just the promise of spending cuts have to be included at this level and at this time? >> it is not productive for either side to lay out hard lines as for what size the spending cuts ought to be. there are a lot of options on how you can get there. but the second part of your question was? >> my question is do you think the promise of spending cuts has to be included in the deal that averts the fiscal cliff? >> there is a free-market we presented to the white house two weeks ago. the framework has been agreed to in terms of a down payment for the end of this year. that would include spending cuts and it would include revenue. setting up a process for entitlement reform next year and tax reform next year. but this is way out of bounds. and not a recognition by the part of the white house on the serious spending problem we have. >> facing the prospect of going over the fiscal cliff or extending the lower tax rate and at the upper one, which would you choose? >> i will
cliff? and you think that just the promise of spending cuts have to be included at this level and at this time? >> it is not productive for either side to lay out hard lines as for what size the spending cuts ought to be. there are a lot of options on how you can get there. but the second part of your question was? >> my question is do you think the promise of spending cuts has to be included in the deal that averts the fiscal cliff? >> there is a free-market we presented to...
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Nov 30, 2012
11/12
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people are talking about the fiscal cliff on january 1. let's give businesses the service. their employees can pass the middle income tax cut now. >> i would like to add that basarah were sar participants in the discussion. when they went to the table as representatives of the house democrats, the next -- no instructions except to reach an agreement. the overriding value was to get the jobs done for the american people. the only thing i said i wanted to say was jobs and economic growth would be the centerpiece of the discussion. whatever decisions we would unmake as far as cuts and revenue or raising them with center around how we create jobs. that is how we will reduce the deficit by creating jobs. every time we came to the idea of bold balance, the rivet a question was the hurdle and it is still does. we cannot get there from here in terms of deficit reduction. you can grow your way he to there, but you have to have the revenue as a confidence-building that we are responsible. we will get the job done. he had ended their meeting to go to so he is not here with us now. why
people are talking about the fiscal cliff on january 1. let's give businesses the service. their employees can pass the middle income tax cut now. >> i would like to add that basarah were sar participants in the discussion. when they went to the table as representatives of the house democrats, the next -- no instructions except to reach an agreement. the overriding value was to get the jobs done for the american people. the only thing i said i wanted to say was jobs and economic growth...
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Dec 6, 2012
12/12
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cliff -- >> i will be here and will be available any moment to sit down with the president p to get serious about solving this problem. >> does the conference realize that you don't seem to be negotiating? >> our members believe strongly that raising tax rates will hurt the economy. closing loopholes, especially on those who are wealthy is a better way to raise this revenue than raising rates because raising rates will hurt the very people we are expecting to help create jobs in our country. thank you everybody. captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >> after speaker boehner's comments, he talked on the phone with president obama about the fiscal cliff, according to "the hill" newspaper. first conversation in a week. president obama spoke about the fiscal negotiations to a group of corporate c.e.o. oomplet and see the president shaking their hands. president obama's remarks are coming up here on c-span. we wanted to let you know from secretary treasury geithner. if republicans don't agree to higher tax rates. i
cliff -- >> i will be here and will be available any moment to sit down with the president p to get serious about solving this problem. >> does the conference realize that you don't seem to be negotiating? >> our members believe strongly that raising tax rates will hurt the economy. closing loopholes, especially on those who are wealthy is a better way to raise this revenue than raising rates because raising rates will hurt the very people we are expecting to help create jobs...
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Dec 6, 2012
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we know there is broad agreement that going over the so-called fiscal cliff would jeopardize the economic recovery. it would do that by increasing taxes on families, halting employment growth, driving unemployment up instead of down, triggering a deep cuts to programs that families across the country count on. the job before the united states congress is to reach an agreement that builds on the economic progress that we are making, and puts us on a path to fiscal stability. we need to cut more spending, and generate more revenue. we need to do it in a smart way that keeps our economy growing. earlier this year, congress extended the payroll tax cut through 2012. the two percentage point payroll tax cut has played an important role to sustain the recovery. boosting economic growth by an estimated 0.5% of one percentage point, and creating 400,000 jobs. we should continue the payroll tax cut through 2013, and yesterday i introduce legislation that would keep the employee payroll tax at 4.2% next year. to keep the economy growing -- there is good evidence of that in the last couple of months
we know there is broad agreement that going over the so-called fiscal cliff would jeopardize the economic recovery. it would do that by increasing taxes on families, halting employment growth, driving unemployment up instead of down, triggering a deep cuts to programs that families across the country count on. the job before the united states congress is to reach an agreement that builds on the economic progress that we are making, and puts us on a path to fiscal stability. we need to cut more...
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Dec 6, 2012
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cliff expire, go down the fiscal cliff for tax rates, and adjust the taxes for the 98% through the rebate process. and this could be available for anyone, any president. let the bush tax rates apply as a ceiling, and then apply the rebate process to control the 98%. host: why do you propose that? what is the advantage in your view? caller: because the executive branch, the president, whoever it is, would have the ability to adjust the tax effectively for anyone who falls below the clintons' ceiling, and they could do this anytime. there would not have to go back to congress. -- they would not have to go back to congress. guest: it is true that technically the administration can do some things without even the congress's approval, but it would not be a lasting solution. let's say you could freeze the amount of withholding that you pay three paycheck at the level it was this year, for the 98%, and increase withholdings for everyone else as the law would dictate if you read over the cliff. -- went over the cliff. but the 98%, if they did not actually pass a law to extend the tax cuts for tha
cliff expire, go down the fiscal cliff for tax rates, and adjust the taxes for the 98% through the rebate process. and this could be available for anyone, any president. let the bush tax rates apply as a ceiling, and then apply the rebate process to control the 98%. host: why do you propose that? what is the advantage in your view? caller: because the executive branch, the president, whoever it is, would have the ability to adjust the tax effectively for anyone who falls below the clintons'...
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Dec 6, 2012
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cliff down the road. i hope we will not do that. i still think there is time before the end of the year to make that happen, but again, if it does not happen, unfortunately what that does is throw us into another debt ceiling situation, which is just not good for our country. we would be so much better off starting off on january 1 with this in the rearview mirror. our economy would take off and our country would be so much better off. >> chris, you understand the politics of the house from both sides. can john boehner cut a deal without eric cantor and paul ryan? >> i have a pretty good understanding of the house, but i always am a little afraid of wandering into house republican leadership politics. just to broaden the question a little bit -- i think the question is whether or not the speaker is going to be able to bring a good part of his caucus with him. that or require a united leadership team. >> i am talking short-term -- the next two or three weeks. >> i think that is going to be a requirement. i
cliff down the road. i hope we will not do that. i still think there is time before the end of the year to make that happen, but again, if it does not happen, unfortunately what that does is throw us into another debt ceiling situation, which is just not good for our country. we would be so much better off starting off on january 1 with this in the rearview mirror. our economy would take off and our country would be so much better off. >> chris, you understand the politics of the house...
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Dec 7, 2012
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fiscal cliff, turn off these automatic spending cuts and make sure that taxes don't go up. and then they would figure out what to do with the upper bracket. and then there would be a mechanism that would guarantee further action next year. if at all possible, they would disagree next year and there would be some sort of trigger or punishment for their lack of action. that sounds relatively simple, i think, putting it all together could take at least a couple of weeks after they have a deal. there could be some inevitable blocks either by conservatives in the house or in the senate. blowups either byow wha conservatives in the house or in the senate. the details can get pretty political party quickly. there's so much in flux. it all presupposes that the get an agreement. there was a school of thought that they could not get an agreement until tax rates actually go up next year. >> you can follow himat @apandrewtaylor. >> a discussion on the u.s. economy and you pull in the middle class with participants from think tanks, academia and business at 8:30 a.m. eastern tomorrow on
fiscal cliff, turn off these automatic spending cuts and make sure that taxes don't go up. and then they would figure out what to do with the upper bracket. and then there would be a mechanism that would guarantee further action next year. if at all possible, they would disagree next year and there would be some sort of trigger or punishment for their lack of action. that sounds relatively simple, i think, putting it all together could take at least a couple of weeks after they have a deal....
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Dec 4, 2012
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caller: looking at the fiscal cliff, we go back to 2001 with the lowering of the tax rates, meant to create jobs. but in the past 10 or 11 years, we have not had any job creation whatsoever. we keep going back and hearing over and over again that it's going to cost jobs. we do not have jobs to begin with. businesses are out to make money. if consumers do not have money to spend, then you can lower their taxes to 0%. they still cannot spend because they do not have any income. guest: i think that is a great point. it brings up one thing we have not mentioned yet. the payroll tax cut is about to expire. if that expires, every paycheck in the country is going to go down about $1,000 on january 1st. that would hurt consumption. it would hurt the customers of businesses. the president has proposed to extend that. i think that is reasonable. we will see a firm public and keep up their opposition or they give in. we have a sleeper here that cannot be ignored. if we do not extend that, every paycheck in the country is going to go down. guest: i agree. we should extend that for another year.
caller: looking at the fiscal cliff, we go back to 2001 with the lowering of the tax rates, meant to create jobs. but in the past 10 or 11 years, we have not had any job creation whatsoever. we keep going back and hearing over and over again that it's going to cost jobs. we do not have jobs to begin with. businesses are out to make money. if consumers do not have money to spend, then you can lower their taxes to 0%. they still cannot spend because they do not have any income. guest: i think...
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Dec 4, 2012
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you could have a series of fiscal cliffs. i think that is the most likely occurrence. if you are going to ask members to take tough votes, make them take them on big things, not little things. host: the last call is from ronnie, independent. caller: i have a question this morning. i work for anheuser-busch for over 30 years. in october, they would stop taking out social security tax. that was in the late 1980's and early 1990's. all the sudden, they changed that. it did not matter whether you made $100,000 or $150,000. they kept taking the social security taxes. now this is no cap on social security. reagan signed a bill not to touch social security. what happened to all this money? every individual that were had a separate account. all of that money has to be established because the government was supposed to make interest to pay us back when we retired. guest: you are correct in the 1980's there were major changes the captain on the amount of income was lifted -- the cap on the amount of income was lifted. i think it is out about $109,000 right now. after that, if yo
you could have a series of fiscal cliffs. i think that is the most likely occurrence. if you are going to ask members to take tough votes, make them take them on big things, not little things. host: the last call is from ronnie, independent. caller: i have a question this morning. i work for anheuser-busch for over 30 years. in october, they would stop taking out social security tax. that was in the late 1980's and early 1990's. all the sudden, they changed that. it did not matter whether you...
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Dec 6, 2012
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you protect against that cliff with pse now you're down to only $650 billion of revenue. let's look at it from a public policy perspective. $25,000. there is a good chance your fiscal lot will be $25,000. what to take care deduction, you have used the entire thing. -- once you take the entire deduction, you may have used the entire thing. no reason to turn them in irs. the have used your cap on those items. look at the top 1% under this proposal, 97% would lose any incentive at all to give additional money to charity. these are house holds responsible for one-third of tax-deductible giving. you take away their deduction completely, you will have $10 million left a year going to charity according to the estimates the cbo has done. $450 billion is a painful contribution to deficit reduction. it could -- is a meaningful contribution to deficit reduction. it does not get too close to what you need to satisfy what you need to have a balance plan at the end of the day. i will not walk you through the 18 other ideas that have been floated in some form or another in the public di
you protect against that cliff with pse now you're down to only $650 billion of revenue. let's look at it from a public policy perspective. $25,000. there is a good chance your fiscal lot will be $25,000. what to take care deduction, you have used the entire thing. -- once you take the entire deduction, you may have used the entire thing. no reason to turn them in irs. the have used your cap on those items. look at the top 1% under this proposal, 97% would lose any incentive at all to give...
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and the federal reserve have both forecast the -- if we have the fiscal cliff, unemployment will go up substantially. is that something you're willing to see happen if the republicans continue to refuse to compromise? >> we've kicked the can down the road for too long. we're not going to do it anymore. we want certainty. the only way to have certainty is to have the rich pay a little bit more. the meetings with the business round table and other groups i've met with, including the business round table, the people who are making this money, they're willing to pay the extra money. the american people believe they should pay the extra money. there's polls out today, by a 2-1 mar general the american people believe this to be the case. the only people in america who disagrow with that are republicans who serve in the building we're in now. >> are you willing to allow that forecast recession -- >> the president has been very clear. he's been very clear, i've been very clear. republicans have to make sure they allow the rate increase to take place. >> is there a way to have any kind of stiml
and the federal reserve have both forecast the -- if we have the fiscal cliff, unemployment will go up substantially. is that something you're willing to see happen if the republicans continue to refuse to compromise? >> we've kicked the can down the road for too long. we're not going to do it anymore. we want certainty. the only way to have certainty is to have the rich pay a little bit more. the meetings with the business round table and other groups i've met with, including the...
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Dec 5, 2012
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he answered questions about the fiscal cliff. republican outreach to hispanic voters and a potential campaign for president. this is 45 minutes. [applause] >> thank you very much. you had a late night. >> not really. >> is bob still here? what would you like to ask senator rubio? [laughter] >> are you still doing this? >> ask him a real question. this is a great chance. >> last night you talked about a new direction for the republican party. and one of the things that you talked about is education. and how to make higher education cheaper, how to reform pell grants. what will be the number one thing that you would do, that you can do as a freshman minority senator? >> well, i don't think there is a number one thing. i think there's a number of number one things, you have to do them all. the biggest obstacle we face as a 21st century doesn't look like a 20th century student. it's not just an 18-year-old that graduated high school. it still continues to be a significant part of the folks that are going into college, but it's also t
he answered questions about the fiscal cliff. republican outreach to hispanic voters and a potential campaign for president. this is 45 minutes. [applause] >> thank you very much. you had a late night. >> not really. >> is bob still here? what would you like to ask senator rubio? [laughter] >> are you still doing this? >> ask him a real question. this is a great chance. >> last night you talked about a new direction for the republican party. and one of the...
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Nov 29, 2012
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that we do not want to do. >> as we continue to move to solve the fiscal cliff problem, one thing we want to look at is make sure small business is ok. i had my first business when i was 19 years old -- a sandwich shop. listen to small businesses, look across there, they are the engine that makes the economy grow. today we will meet with individuals in the business community. next week, a small business coalition will talk to us on ways we can solve the fiscal cliff while the same time growing this economy. the goal of this republican majority is to solve the fiscal cliff once and for all and put us on a path to grow the economy. >> we are 34 days away from what would be the largest tax increase in american history, and the speaker boehner and the republicans have put forward a balanced plan that would prevent that from happening and not devastate our economy at a time when our economy continues to struggle and people are having a tough time finding work. we need to take action that will insure that small-business owners all across this country continue to be able to survive. many ha
that we do not want to do. >> as we continue to move to solve the fiscal cliff problem, one thing we want to look at is make sure small business is ok. i had my first business when i was 19 years old -- a sandwich shop. listen to small businesses, look across there, they are the engine that makes the economy grow. today we will meet with individuals in the business community. next week, a small business coalition will talk to us on ways we can solve the fiscal cliff while the same time...
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Nov 30, 2012
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cliff if the markets are going ballistic. it would settle down after a while. host: what is the likelihood we will see changes? guest: they will not necessarily occur at the beginning of congress. there is a good chance that they will step back and do a compromise that involved both parties. for your time. >> robert van order looks at the mortgage debt release act then bradford fitch discusses orientation sessions for senior aides of member and members alike in congress. after that, the artistic self advocacy network on been an autistic adults. -- being an autistic adult. "washington journal" live saturday. president obama called on congress to pass an extension of tax cuts for the middle class, while allowing tax rates to increase for people making more than $250,000 a year. later in the day, house speaker john boehner responded to the presidents comments. you can see both of them starting at 8:00 p.m. eastern here on c-span. next, a look at the fiscal health of the federal housing administration. according to a recent audit
cliff if the markets are going ballistic. it would settle down after a while. host: what is the likelihood we will see changes? guest: they will not necessarily occur at the beginning of congress. there is a good chance that they will step back and do a compromise that involved both parties. for your time. >> robert van order looks at the mortgage debt release act then bradford fitch discusses orientation sessions for senior aides of member and members alike in congress. after that, the...
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Nov 30, 2012
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the american people want us to avoid the fiscal cliff with a balanced approach and they want us to do it right now. the average middle class family is stairing at a tax increase of $2200 come january 1. we're simply not going to let that happen. if it happens, it will be under the leadership of the speaker representative john boehner. we'll protect the middle class and there will be pain on both side, we know that. but to forge an agreement, we need to republicans to come forward with something. it's time to listen to the american people and that is a valid statement. the vast majority of independents support what the president sent to the republicans in the house. the vast majority of democrats support it. more than 40% of the republicans support this proposal. the republicans need to show us they can help lead this country. >> thanks. we can debate whether the november 6 election was a mandate but i don't think we can debate the basics that it was a work order from the american people to members of congress and to the president to work together and solve the problems. we got the mes
the american people want us to avoid the fiscal cliff with a balanced approach and they want us to do it right now. the average middle class family is stairing at a tax increase of $2200 come january 1. we're simply not going to let that happen. if it happens, it will be under the leadership of the speaker representative john boehner. we'll protect the middle class and there will be pain on both side, we know that. but to forge an agreement, we need to republicans to come forward with...
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Dec 7, 2012
12/12
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congressman allyson schwartz sat down with national journal's ron brownstein to talk about the fiscal cliff, job creation, and deficit reduction. >> fed me introduce the moderator, ron brownstein. he is the editorial director of "national journal" and the atlantic. he oversees political coverage coming out of our company. he writes a weekly column for national journal and on major cable networks regularly. he is the most astute analyst in washington. we have had changes. gene could not make it at the last minute. there is a meeting going on right now, which may be productive. we have congresswoman allyson schwartz from pennsylvania, who has served on the ways and means committee in the house and now on the budget committee. she has become a big deal. we are happy to have you. >> thank you. gene was summoned a way for a meeting, which may or may not be good news on the fiscal front. i hope this will be less eventful than the last panel i moderated. i was at harvard where they do the debrief every four years with the senior campaign officials of both teams. all of the power went out in
congressman allyson schwartz sat down with national journal's ron brownstein to talk about the fiscal cliff, job creation, and deficit reduction. >> fed me introduce the moderator, ron brownstein. he is the editorial director of "national journal" and the atlantic. he oversees political coverage coming out of our company. he writes a weekly column for national journal and on major cable networks regularly. he is the most astute analyst in washington. we have had changes. gene...
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Nov 30, 2012
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again, we don't think social security should be on the table in these fiscal cliff discussions. not the driver of the deficit, and further down the line, we think it's important to not mess with the age or switch to the chain c.p.i. or any other cuts that would affect beneficiaries. mr. scott: would the gentlelady yield? ms. moore: i yield. mr. scott: people caulk about increasing the age of social security or cost of living increase, the first question is whether or not you're going to cut social security. and then if you decide to cut social security, the different -- there are different ways to have doing it. some more painful than others. but the first question is, are you cutting social security? but part of the question is, why? if none of the tax cuts get extended, at this point you have more money than you need on the table system of the only reason you're even discussing a cut in social security is because you want to extend the tax cut. now i think most people when they're faced with the choice, do you want social security to be a piggy bank every time we're running sh
again, we don't think social security should be on the table in these fiscal cliff discussions. not the driver of the deficit, and further down the line, we think it's important to not mess with the age or switch to the chain c.p.i. or any other cuts that would affect beneficiaries. mr. scott: would the gentlelady yield? ms. moore: i yield. mr. scott: people caulk about increasing the age of social security or cost of living increase, the first question is whether or not you're going to cut...